There are few things that destroy an economy as thoroughly as deflation. When prices are expected to fall, spending is delayed. As spending is delayed, prices fall further. In a heavily indebted economy, the real cost of debt goes up. … Read more
April 15 is approaching, and once you’ve sorted through your W-2s and 1099s to complete your tax return, take a close look at the income section on your Form 1040. How much investment income did you report? A lot?
If … Read more
Tomorrow is March 14, or Pi Day (3.14), as it’s known in the Internet’s more mathematical precincts.
Pi allows us to design aircraft engines, pass a geometry midterm, and enjoy Thanksgiving dinner. It can also teach us something about investing.… Read more
“Lord Grantham didn’t understand the value of diversification.”
“Lady Mary is more prudent.”
Lord Grantham? Lady Mary? Had I wandered into the wrong century? No, Vanguard’s social media team was simply discussing the fifth season of Downton Abbey, a … Read more
Saving. Investing. It’s all the same, right?
When Vanguard clients come to me for financial advice, they often use the terms “saving” and “investing” interchangeably. Most of the time, they refer to longer-term goals—“I’m saving for my son’s … Read more